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Sunday, 28 December 2008

Christmas shopping and the future of retail jobs

If you work in retail at the moment then you should be concerned about your job. Even though some stores are recording brisk trading in London and New York, it is unlikely to be enough to save a number of retailers. Without credit insurance and shoppers being increasingly selective in how much and where they spend, those shops already on the wane are likely to come unstuck.

As a result a number of stores have already announced that they are already in trouble and could be closing their doors in the next few months.

Today Adams a childrens' clothing retailer announced that they have been taking into administration, thretening 2,000 jobs worldwide.

There will be more to come in the new year. Expect the collapse of retailers to accelerate in the coming 30 days.

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posted by Carl Malways at

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